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irina [24]
3 years ago
9

If you watch TV for two hours, you dont spend any money. Does this mean that you do not have an opportunity cost for watching TV

? Explain your answer.
Business
1 answer:
k0ka [10]3 years ago
8 0

Answer:

No, Watching TV has an opportunity cost

Explanation:

Opportunity costs represent the forfeited benefits for preferring a certain option over others. It is the foregone benefits from the next best alternative.

Watching TV for two hours has an opportunity cost. By watching TV, a person has sacrificed doing other things. The two hours could have been used in other ways like working, studying, swimming, or playing. By watching TV, the person missed benefits from the other activities. The other activity that would have resulted in more benefits other than watching TV is the opportunity cost.

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For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance.
vladimir2022 [97]

Answer:

a. Accounts Payable

Accounts payable have a credit balance and will increase under credit effect and decrease under debit effect.

b. Advertising Expense

Advertising expense has a debit balance and will increase in case of debit effect and decrease in case of credit effect.

c. Service Revenue

Service revenue will be credited and will increase in case of credit effect and decrease in case of debit effect.

d. Accounts Receivable

Accounts receivables will be debited and increase under debit effect and decrease under credit effect.

e. Retained Earnings

Retained earnings will be credited and will increase in case of credit effect and decrease in case of debit effect.

f. Dividends

Dividends will be debited which will lead to an increase in it under debit effect and decrease under credit effect.

4 0
3 years ago
Systems such as PRIZM provide companies with lifestyle and demographic information about neighborhoods throughout the United Sta
Natali [406]

Answer:

Letter b is correct. Geodemographic segmentation.

Explanation:

Geodemographic segmentation is characterized as data collection methods for classifying localities and neighborhoods in order to find possible patterns of behavior and similar demographic, social and economic characteristics among individuals residing in particular locations.

This segmentation method helps companies align their marketing and economic strategies with the potential characteristics of a particular location, so it is possible that there is an analysis and strategic planning to be more effective and focused on a region's consumer profile, consumption habits, purchasing power, competition and other factors that influence the achievement of organizational success.

5 0
3 years ago
What is the incremental percentage paid on income taxes called?
Westkost [7]

What is the incremental percentage paid on income taxes called The marginal tax rate

For better understanding, lets explain marginal tax rate

  • Marginal tax rate is simply referred to as the increase in taxes as a percentage of the increase in income. That is the change in the tax payment is divided by the change in income.

  • Marginal tax rate = Change in taxes due/change in taxable income

from the above, we can therefore say that the answer What is the incremental percentage paid on income taxes called marginal tax rate

Learn more about marginal tax rate from:

brainly.com/question/23568955

7 0
3 years ago
Which descriptions offer examples of Management and Entrepreneurship workers? Check all that apply.
zhenek [66]

Answer:

BCF

Explanation:

4 0
3 years ago
Read 2 more answers
Based on this model, households earn income when firms __________ purchase goods and services ___________in markets for factors
allochka39001 [22]

Answer and Explanation:

Market for Factors of Production:

Antonio earns $275 per week working for Spotless Car Wash.

Market for Goods and Services:

Caroline spends $10 to get her car washed.

Antonio spends $150 to purchase a necklace from Classy's Jewelry Store.

Which of the elements of this scenario represent a flow from a household to a firm?

The $150 Antonio spends to purchase a necklace from Classy's Jewelry Store

The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy - false

The circular flow of income represents the flow of economic exchanges between economic agents in the economy. If a household provides the labor factor of production, it is paid and uses the same money to purchase from the same firms that produce goods and services. This is a cycle and actually doesn't get more complex than this in real life, only involves alot more firms or economic agents.

7 0
3 years ago
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